A well-known market analyst who accurately predicted Bitcoin’s peak earlier this year is sounding the alarm once again—this time cautioning that the current BTC uptrend may be losing steam.
The analyst, known by the pseudonym “Bluntz,” noted on social media that Bitcoin’s daily chart is flashing a bearish divergence. This technical pattern typically signals that buying pressure is fading, even if prices continue to climb or move sideways—a potential precursor to a short-term reversal.
there’s a daily $btc bear div brewing here if it closes red by tomorrow.
its unfortunate that its appeared before fresh ath’s but its the first one since last year.
be careful with longs imo pic.twitter.com/ZYw49WAbDK
— Bluntz (@Bluntz_Capital) May 19, 2025
According to the post, if Bitcoin closes the day in the red, the divergence would be confirmed.
That would mark the first such signal in months, just as investors were eyeing a possible breakout to new all-time highs. Bluntz warned traders to tread carefully with long positions in the near term.
Meanwhile, the analyst remains optimistic about gold. Based on Elliott Wave principles, which Bluntz frequently uses, gold appears to have completed an ABC correction—a technical structure often followed by a renewed rally.
The updated projection points toward a potential surge in gold prices to around $3,600, suggesting that the metal may be gearing up for a record-breaking move of its own.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/market/bitcoin-momentum-under-scrutiny-as-technical-signal-flashes-warning/